How much money is enough? At what point does one hang up their boots and take early retirement to a cheaper location? 1M, 5M, 10M? More? I don’t think I can play this IPO lottery game anymore.
- Facebook randomizerMore important question imho is what do you want to do after you're retired? Cause that's what you should be doing today. If you think it's beaches or sitting at home, you probably don't know yourself well enough
- This is a little too idealistic although maybe it works for us software nerds. What if the answer is full time artist but also have a family? Also I know a ton of wildlife biologists doing shit jobs because "the line for picking flowers in the forest is pretty long and it doesn't pay well"
- Learn about FIRE. I live the life I want (including a nice house, hot tub, 30m from best snow on earth, multiple awesome international vacations a year like hiking maccu piccu, mountain biking). It costs like 50k/year. Save the rest. Stop when you hit a safe withdrawal rate of $50k (1.25 million based off Trinity study). I can honestly say spending more money wouldn't make me happier.
- New CQwg28It's a moving Target. You think Target is 5M but by the time you get to that number the target is now more like 10. It always feels distant unless you got a IPO lottery